– ‘Gigantic holes in the system’ warns former Fed Head – Interest rates will remain lower than they have been in past – Leveraged loans pose risks and there is unfinished regulation – “I think things have improved, but then I think there are gigantic holes in the system” – No new financial crisis in ‘our […]
– Gold Krugerrand coin worth $1,200 put in charity kettle – this time in Alaska – Mystery Salvation Army gold donors keep giving Gold Krugerrands – Gold, like pounds, euros and dollars can be used for good or ill – Give the gift of gold in this the Season of Kindness Gold Krugerrands (1 oz) […]
by John Mauldin Someone asked recently how many times I had “crossed the pond” to Europe. I really don’t know. Certainly dozens of times. It’s been several times a year for as long as I remember. Graphic: European Central Bank That makes me an extremely unusual American. Most of us never visit Europe, except maybe for […]
Close Gain/Loss On Week Gold $1248.40 +$10.10 +2.19% Silver $14.63 +$0.25 +3.25% XAU 67.94 +2.40% +5.40% HUI 153.93 +2.58% +6.13% GDM 560.05 +2.34% +5.32% JSE Gold 1201.13 -0.09 +9.31% USD 96.60 -0.14 -0.61% Euro 114.10 +0.24 +0.80% Yen 88.80 +0.01 +0.67% Oil $52.61 +$1.12 +3.30% 10-Year 2.856% -0.031 -4.86% Bond 143.90625 +0.34375 +2.27% Dow […]
– As Brexit looms, the Central Bank of Ireland has refused to discuss the location and value of Irish gold reserves – No date given for removal of “commercially sensitive” gold reserves from Bank of England vaults – Bank of England vaults in London believed to hold almost €200 million of Irish gold – Ireland’s financial system […]
– What are “Fake Markets” and will they lead to another global financial crisis? – What do fake markets mean for stock and bond market performance in the future? – Is this the right time to re-balance portfolios and hold more cash and gold? In episode 9 of the Goldnomics Podcast, Stephen Flood GoldCore CEO […]
– Gold’s “setup” is “similar to natural gas before its big rally” – Gold is gaining favour over stocks, bitcoin and cryptos – Metals may be primary beneficiaries of imminent greenback peak – Silver “appears ready for a potential longer-term recovery” – GoldCore editors note: Natural gas is 56% higher year to date by Bloomberg Intelligence […]
– “Time is running out” – Sir David Attenborough “Continuation of civilisation is in your hands,” Attenborough warns world leaders – Mass extinction is “on the horizon” – Failure to ‘join the dots’ between environmental risks and significant economic challenges (Editors note: The world faces some very serious ecological challenges due to the pollution, destruction […]
By Greg Hunter’s USAWatchdog.com The International Monetary Fund (IMF) previously deemed Deutsche Bank as the most systemically dangerous bank in the world. Professor of Economics and Law, William Black, knows why and contends: “Deutsche Bank (DB) poses as what is called a ‘National Champion’ bank and the largest bank by far in Germany, but it’s actually the largest criminal enterprise in Germany. This […]
Ireland’s Mr Gold Reveals Nuggets Of Wisdom For When The Next Crash Comes Editors note: I am not sure what to make of being called “Ireland’s Mr Gold” but I suppose you could be called worse. For me, my fellow founder Stephen and our excellent team, it has never been about gold itself, but rather […]
– Brexit no-deal would lead to “worst crash since 1930s” – Gold rose 0.6% in dollars and 1.2% in pounds today – UK economy could contract by 8%, house prices fall 30%, sterling fall 25% warns Bank of England – Sterling collapse would push Irish economy into recession – Carney’s doomsday scenario sees the crippling of UK […]
… GE and GM are both telling us the US economy is in huge trouble by Michael Snyder of The Economic Collapse Blog America’s twin economic “generals” are both in very deep trouble. General Electric was founded in 1892, and it was once one of the most powerful corporations on the entire planet. But […]
by John Mauldin via Forbes.com A Worldwide Debt Default Is A Real Possibility Is debt good or bad? The answer is “Yes.” Debt is future spending pulled forward in time. It lets you buy something now for which you otherwise don’t have cash yet. Whether it’s wise or not depends on what you buy. Debt to […]
By David Brady, CFA Last week, I provided the fundamental background for why I believe the risk of lower lows in Gold remains, based primarily on USD/CNY breaking the critical 7 threshold. I also provided the rationale for the enormous rally to follow, driven by a reversal in policy by the Fed following a stock […]
Key Gold and Precious Metals News, Commentary and Charts This Week Gold and silver traded sideways this week as we saw stock markets take some heat and undo most of the recent recovery from the October sell off. Oil has sold off and is now at levels that we haven’t seen since 2017. Credit: Weekly […]
Is Brexit a Massive Threat to Globalisation? As Theresa May heads back to Brussels today in a last ditch effort to renegotiate her Brexit deal in order to get it passed through the British Parliament, we take a look not just at the current state of DIS-unity but also ask the question – is Brexit […]
The Heart of the Matter by John Hussman of Hussman Funds Let’s be clear. October’s market decline was a rather mild warning shot. At its lowest close, the S&P 500 lost -9.9% from its September peak, before rebounding in recent sessions. As I noted during the 2000-2002 and 2007-2009 collapses, intermittent “fast, furious, prone-to-failure” rebounds are among the […]
Asset management firm Fasanara Capital compared stock valuations to bitcoin in that “it is totally disconnected from fundamentals,” its chief executive told CNBC Impending tipping point for markets is due to a synchronicity of enterprise overvaluation, high indebtedness, low cash balances and a drawback in public flows Still, a major selloff hasn’t arrived, and many market-watchers continue to […]
Gilts are on a tear as investors escape U.K. stocks and the pound. But a no-deal Brexit or a Corbyn government would soon change their status. By Mark Gilbert and Marcus Ashworth (via Bloomberg.com) British investors have been fleeing their domestic stock market in droves all year, and everyone and their dog lined up to sell sterling on […]
Key Gold and Precious Metals News, Commentary and Charts This Week Gold and silver have eked out slight gains this week as stock markets came under pressure due to concerns about tech and oil sector valuations, Italian banks and political and financial turmoil due to Brexit. Gold is 0.65% higher for the week in dollars […]